Bank of New York Mellon Corp Sells 2,350 Shares of Columbia Financial, Inc. (NASDAQ:CLBK)

Bank of New York Mellon Corp lessened its stake in Columbia Financial, Inc. (NASDAQ:CLBK) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 111,689 shares of the company’s stock after selling 2,350 shares during the period. Bank of New York Mellon Corp’s holdings in Columbia Financial were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Columbia Financial by 183.7% in the 4th quarter. Blue Trust Inc. now owns 5,541 shares of the company’s stock worth $95,000 after purchasing an additional 3,588 shares during the period. FMR LLC raised its holdings in shares of Columbia Financial by 214.8% in the 3rd quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after purchasing an additional 4,604 shares during the period. Strategic Advisors LLC bought a new stake in shares of Columbia Financial in the 4th quarter worth approximately $165,000. SG Americas Securities LLC raised its holdings in shares of Columbia Financial by 9.7% in the 4th quarter. SG Americas Securities LLC now owns 15,106 shares of the company’s stock worth $239,000 after purchasing an additional 1,341 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Columbia Financial by 146.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock worth $270,000 after purchasing an additional 9,374 shares during the period. Institutional investors own 12.72% of the company’s stock.

Columbia Financial Trading Down 0.9 %

NASDAQ:CLBK opened at $15.01 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $1.57 billion, a PE ratio of -125.08 and a beta of 0.16. The firm’s 50 day moving average is $15.55 and its 200 day moving average is $16.54. Columbia Financial, Inc. has a 12 month low of $13.79 and a 12 month high of $19.28.

Columbia Financial (NASDAQ:CLBK) last issued its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. Sell-side analysts expect that Columbia Financial, Inc. will post 0.43 earnings per share for the current year.

About Columbia Financial

Columbia Financial, Inc, a bank holding company, provides various financial services to businesses and consumers in the United States. Its deposit products include checking, interest-earning checking products and municipal, savings and club deposits, and money market accounts, as well as certificates of deposit.